Mar. 31, 2023
March 31, 2023 Dear Ms. Countryman, I am writing to express my support for the proposed S7-32-22 Regulation Best Execution which aims to establish new standards for broker-dealers. As a retail investor, I believe that these standards are necessary to ensure fair and transparent trading practices in the securities market. The proposed regulation will require broker-dealers to execute trades in a manner that is consistent with the best interests of their clients. This will mean that broker-dealers will have to consider a range of factors, including price, speed, and likelihood of execution when executing trades on behalf of their clients. I believe that the establishment of such standards will provide greater transparency to investors, and will help to promote fair competition in the securities market. As a retail investor, I rely on my broker-dealer to execute trades on my behalf in a manner that is consistent with my best interests. I believe that the establishment of these standards will help to ensure that this is the case. Furthermore, I believe that fines for non-compliance with the regulation should be exceptionally punitive. Currently, SEC fines for non-compliance are often insufficient to deter bad actors from engaging in unethical and illegal behavior. By increasing the penalties for non-compliance, the SEC can send a strong message that it is committed to protecting the interests of retail investors and promoting fair and transparent trading practices in the securities market. In conclusion, I urge the SEC to move forward with the proposed Regulation Best Execution. I believe that the establishment of new standards for broker-dealers will help to promote fair competition in the securities market, and will provide greater transparency and protection to retail investors like myself. Thank you for your attention to this important matter. Sincerely, P. Traversa